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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1305]
Christchurch building consents reach $1 bln in first half
Tuesday, 28 August 2012, 4:36 pm | BusinessDesk
Aug 28 (BusinessDesk) - The value of building consents approved in Canterbury reached $1 billion dollars, quickly approaching the $1.2 billion consented for all of last year, says Statistics New Zealand. More >>
Huhtamaki spends $6.3M cutting staff at closed New Lynn site
Tuesday, 28 August 2012, 4:26 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Finnish packaging company Huhtamaki Oyj spent $6.3 million on terminating staff at its loss-making plant in Auckland's New Lynn which it shut down last month. More >>
A2 lifts Australian supermarket sales, opens Sydney plant
Tuesday, 28 August 2012, 3:40 pm | BusinessDesk
Aug. 28 (BusinessDesk) - A2 Corp, the milk company carrying out a strategic review of its business, has boosted its share of fresh milk sales in Australian supermarkets and opened a new Sydney facility to cope with growing demand across the Tasman. More >>
Civil aviation charges rising to resource loss-making CAA
Tuesday, 28 August 2012, 3:28 pm | BusinessDesk
Aug. 28 (BusinessDesk) - The government is moving to end underfunding of the Civil Aviation Authority, announcing a new funding framework that will raise $14.1 million over the next three years. More >>
Just Water lifts profit while slowing pace of customer loss
Tuesday, 28 August 2012, 3:21 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Just Water, the water cooler and supplies group, lifted profit even as sales fell and said it has slowed the pace of decline in is customer base. More >>
Cavalier's CFO Tan retires after 28 years
Tuesday, 28 August 2012, 3:19 pm | BusinessDesk
Aug 28 (BusinessDesk) - Cavalier Corp, New Zealand's only listed carpet marker, said its long-serving chief financial officer and company secretary, Victor Tan will retire after 28 years as a full-time employee. More >>
TeamTalk lifts FY profit 15.9% as broadband business shines
Tuesday, 28 August 2012, 2:41 pm | BusinessDesk
Aug. 28 (BusinessDesk) - TeamTalk, the owner of the CityLink fibre-optic broadband business, lifted full-year profit by 15.9 percent to a record on improved returns from broadband operations. More >>
Bathurst hopes to be mining Escarpment by next July
Tuesday, 28 August 2012, 1:27 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Bathurst Resources is optimistic it will be mining coking coal on the Denniston Plateau above Westport by July next year, assuming it prevails in appeals against resource consents granted in August last year. More >>
Fonterra cuts forecast 2013 payment to farmers by 30 cents
Tuesday, 28 August 2012, 12:56 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy products exporter, cut its forecast 2013 payment to farmers by 30 cents citing the continued impact of a high New Zealand dollar and commodity prices that are lower ... More >>
Heartland focuses on high-margin auto-loans, rural, SMEs
Tuesday, 28 August 2012, 12:15 pm | BusinessDesk
Heartland focuses on high-margin auto-loans, rural, SMEs as national credit growth stays subdued More >>
GrainCorp-led group to buy Goodman's Integro for A$170M
Tuesday, 28 August 2012, 12:11 pm | BusinessDesk
Aug. 28 (BusinessDesk) - Goodman Fielder, the unprofitable food ingredients maker, will sell its Integro unit to a consortium made up of GrainCorp and Gardner Smith for A$170 million and will use the proceeds to pay down its debt. More >>
NZ Takeovers Panel wants disclosure of equity derivatives
Tuesday, 28 August 2012, 12:08 pm | BusinessDesk
Aug. 28 (BusinessDesk) - New Zealand’s Takeovers Panel wants changes to securities law to require disclosure of long equity derivative positions because of the risk they could be used as part of a strategy to build an undisclosed stake in a company ... More >>
MIDDAY UPDATE: Flat earnings for MRP as float looms
Tuesday, 28 August 2012, 12:04 pm | BusinessDesk
Aug. 28 (BusinessDesk) - State-owned electricity generator and retailer MightyRiverPower has reported flat underlying earnings for the year to June 30, with a tax-paid profit of $162.7 million, just $500,000 above that achieved the previous year. More >>
NZ Windfarms takes $31.7M impairment, widening FY loss
Tuesday, 28 August 2012, 10:56 am | BusinessDesk
Aug. 28 (BusinessDesk) - NZ Windfarms, which operates Te Rere Hau windfarm in the Tararua Ranges, posted a wider full-year loss after taking an impairment charge against its assets and reporting power generation was 25 percent below budget. More >>
Flat earnings for MightyRiverPower as float looms
Tuesday, 28 August 2012, 9:52 am | BusinessDesk
Aug 28 (BusinessDesk) - State-owned electricity generator and retailer MightyRiverPower has reported flat underlying earnings for the year to June 30, with a tax-paid profit of $162.7 million, just $500,000 above that achieved the previous year. More >>
Heartland triples annual profit on bigger loan book
Tuesday, 28 August 2012, 9:19 am | BusinessDesk
Aug. 28 (BusinessDesk) - Heartland New Zealand, the lender formed from the merger of Pyne Gould's Marac Finance with the Canterbury and Southern Cross building societies, tripled annual profit as it reaped the benefit of acquiring PGG Wrightson's loan ... More >>
Diligent note receivable paid by Service Share Holding
Tuesday, 28 August 2012, 9:03 am | BusinessDesk
Aug. 28 (BusinessDesk) - Software company Diligent Board Member Services has received a cash payment plus interest for its US$3.2 million note receivable from Services Share Holding, ahead of the October deadline. More >>
NZ dollar holds in recent range ahead of Jackson Hole
Tuesday, 28 August 2012, 8:59 am | BusinessDesk
Aug. 28 (BusinessDesk) - The New Zealand dollar slipped against the greenback, while remaining in its recent trading range, as traders pondered the potential for concrete details of US monetary stimulus to be revealed at the Jackson Hole, Wyoming, central ... More >>
Vmob backdoor listing lends credibility as Asia growth eyed
Tuesday, 28 August 2012, 7:34 am | BusinessDesk
Aug. 28 (BusinessDesk) - VMob, the Auckland-based smartphone voucher application firm, has completed a backdoor listing on to the stock exchange's small-cap NZAX in a bid to boost its credibility as it seeks to expand into developing economies, ... More >>
While you were sleeping: Germany, France talking again
Tuesday, 28 August 2012, 7:28 am | BusinessDesk
Aug. 28 (BusinessDesk) – Germany’s DAX 30 Index rose 1.1 percent, leading gains across the region, after France and Germany agreed to work together on proposals for fiscal, banking and monetary union. More >>
